Thinking about solar energy and the Sahara theory:
Theoretically, solar technology today is already efficient enough that covering ~1% of the Sahara Desert in panels would be sufficient to meet global energy demand (!)
The real issue is how all that energy would be stored, transmitted, delivered as needed
If solar will ultimately be the long term energy winner, transmission logistics may make for wise investment ๐ง
Some relevant tickers that come to mind:
Grid / transmission buildout
$PWR
$GEV
$ETN
Grid-scale storage
$FLNC
$EOSE
$NRGV
Solar hardware
$TE
$NXT
$ENPH
Power electronics / control / efficiency
$IPWR
$POWI
$ON
These are just a few of many, many tickers that apply to this idea. I own a few of them and am actively researching for additional exposure.
If I didnโt mention your favorite, get over it ๐
โDesire to me is a contract that you make with yourself to be unhappy until you get what you want, and I keep that in front of mindโฆPick your one overwhelming desire. Itโs okay to suffer over that one.โ ~ @Naval
This man played a big factor in my life the last 5+yrs, a major mentor.
Work, work, work. Thatโs all you hear from everyone but his approach is so different and how Iโve felt for yrs, but I felt like a loser bc until him nobody expressed things like Naval.
I encourage you to listen to one of his podcast interviews this weekend while charting. This is an oldie but goodie when I first started listening to him.
https://t.co/All2Zsjt4I
Youโll never get a multi bagger if youโre always selling for crumbs.
Holding a winner is hard but if you want to see monster gains you have to hold on longer than youโd think.
Look at some of the biggest winners such as $NBIS $AAOI $MU $SNDK $DELL $ARM the list goes on. If you sold all of these names for 25% after a โniceโ win, youโd miss out on hundreds of % gains.
Yes it can feel uncomfortable holding through volatility but as long as the chart structure is still healthy and in tact, thereโs likely no reason to sell other than your emotions.
You wonโt sell the top, forget about that. But always selling 25% too late vs. 200% too early is expensive.
Get comfortable feeling uncomfortable holding a big winner and it can change your life.
@801010athlete I put 10 and 20 EMA in my Equity curve and Its an amazing indicator to manage risk on top of price action (when it goes into EMAs more defensive). Like leaders we trade, equity curve should follow and bounce 10/20 EMAs making higher lows on a trending market like one. ๐ป
โMy favorite quote of all time is maybe Mark Twain: โPut all your eggs in one basket and watch the basket carefully.โ I tend to think thatโs what great investors do.โ Stanley Drunkenmiller
"Repetition of the same thought or physical action develops into a habit which, repeated frequently enough, becomes an automatic reflex." ~ Norman Vincent Peale